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CFOs On the Move: Week Ending March 24
Ally Financial, NFL, Papa Johns, Overair, LastPass, Curbio, Hinge Health, Momnt, Sealed Air, Infobip
By
Lauren Muskett
| March 24, 2023
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CFOs On the Move: Week Ending March 24
Ally Financial, NFL, Papa Johns, Overair, LastPass, Curbio, Hinge Health, Momnt, Sealed Air, Infobip
By
Lauren Muskett
| March 24, 2023
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American Express
Tax
AmEx Fires Workers Over Payments Sales Pitches
Reps made inappropriate sales pitches to business customers about the tax benefits of using AmEx's wire payment services.
By
Matthew Heller
| November 23, 2021
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M&A
AmEx Buys Kabbage in SMB Solutions Move
The deal "accelerates our plans to offer U.S. small businesses an easy and efficient way to manage their payments and cash flow digitally in one place."
By
Matthew Heller
| August 18, 2020
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Financial Performance
Reduced T&E Spending Continues to Hit AmEx
AmEx is "in a tricky situation because they have a large corporate book and a big T&E book and those are the parts in the world’s economies that are weak."
By
Matthew Heller
| July 24, 2020
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Financial Performance
AmEx Takes Profit Hit, Plans Spending Cuts
"The first two months of 2020 continued the strong momentum we have delivered over the past two years, but we’re now in a different world."
By
Matthew Heller
| April 24, 2020
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Financial Performance
American Express Shares Jump on Revenue Gain
The Q4 results "demonstrate the success of our strategy to generate sustainable, profitable growth across the enterprise over the long term.”
By
Matthew Heller
| January 24, 2020
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Financial Performance
American Express Beats Q2 Earnings Estimates
Performance was driven by “a well-balanced mix of spending volumes, lending income, and card fees.”
By
Lauren Muskett
| July 19, 2019
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Technology
American Express Buys Restaurant Booking Service Resy
This is the third acquisition of a dining-industry platform for American Express in less than two years.
By
Lauren Muskett
| May 15, 2019
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Payments
Amex, Amazon Rolling Out Small-Biz Credit Card
Amazon Prime members can choose between a 90-day interest-free period and 5% cash back.
By
William Sprouse
| October 23, 2018
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Tax
Tax Law Knocks American Express Into the Red
The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.
By
Matthew Heller
| January 19, 2018
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Financial Performance
Rewards Spending Cuts Into AmEx Profit
The company's consolidated expenses rose 21% to $5.8 billion in Q2 as it tried to keep affluent customers from switching to rivals.
By
Matthew Heller
| July 20, 2017
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Financial Performance
AmEx Sales Drop 2% to $7.9B, Beat Estimates
The company has been more aggressively marketing its products and making changes to the Platinum Card to recover from the loss of its Costco partnership.
By
Matthew Heller
| April 19, 2017
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Strategy
Companies See Growth Overseas, Despite Post-Election Concerns
Ninety percent of 500 companies surveyed agree international markets offer considerable growth opportunities.
By
Sean Allocca
| November 7, 2016
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Turnarounds
Rising to the Challenge
Twenty CFOs who have career-defining tests ahead.
By
CFO Staff
| September 15, 2016
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Credit & Capital
Amex Online Platform Targets Small Businesses
The Amex program, called Working Capital Terms, will offer loans from $1,000 to $750,000.
By
Matthew Heller
| July 5, 2016
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Risk
Synchrony Loss Warning Jars Market
Is a new round of consumer credit losses on the way for financial institutions?
By
Matthew Heller
| June 15, 2016
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